US HB4953 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on October 31 2019 - 25% progression, died in committee
Action: 2019-10-31 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 31 2019 - 25% progression, died in committee
Action: 2019-10-31 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Reduces the excise tax on the net investment income of private foundations from 2% to 1.39%.
Title
Private Foundation Excise Tax Simplification Act of 2019
Sponsors
| Rep. Danny Davis [D-IL] | Rep. George Holding [R-NC] | Rep. Adrian Smith [R-NE] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-10-31 | House | Referred to the House Committee on Ways and Means. |
| 2019-10-31 | House | Introduced in House |
Same As/Similar To
HB3259 (Similar To) 2019-06-13 - Referred to the House Committee on Ways and Means.
SB1475 (Related) 2019-05-15 - Read twice and referred to the Committee on Finance. (text: CR S2887-2888)
HB3301 (Related) 2020-01-21 - Placed on the Union Calendar, Calendar No. 300.
SB1475 (Related) 2019-05-15 - Read twice and referred to the Committee on Finance. (text: CR S2887-2888)
HB3301 (Related) 2020-01-21 - Placed on the Union Calendar, Calendar No. 300.
Subjects
Budget process
Financial services and investments
Sales and excise taxes
Tax-exempt organizations
Taxation
Financial services and investments
Sales and excise taxes
Tax-exempt organizations
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/4953/all-info |
| Text | https://www.congress.gov/116/bills/hr4953/BILLS-116hr4953ih.pdf |
